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Content Tagged As merger

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  • Experts: Time good, but rumored fantasy deal challenging

    June 15, 2016 11:44 AM

    BOSTON - Daily fantasy sports experts suggest the time's right for a deal to merge DraftKings and FanDuel as the rivals fight for survival amid greater regulatory scrutiny. Media reports say the companies have spoken about making a deal, though officials at both companies have dismissed the reports as speculation.... more »
  • DuPont moves ahead on job cuts ahead of Dow merger

    December 29, 2015 12:26 PM

    DuPont says it will cut 1,700 jobs in its home state of Delaware and thousands more globally as it prepares for its merger with Dow Chemical. The companies announced earlier this month that they would join to create a giant chemical producer that will eventually be split into three... more »
  • DuPont, Dow Chemical seek merger, then 3-way split

    December 11, 2015 1:29 PM

    DOVER, Del. - Dow Chemical and DuPont are merging to form a company valued at about $130 billion as they try to counter falling commodities prices and weakness in some key markets that have pressured their giant agriculture and chemicals businesses. The two companies, whose research has brought the world... more »
  • AT&T-DirecTV deal set to close after clearance from FCC

    July 24, 2015 3:52 PM

    NEW YORK - AT&T's $48.5 billion purchase of DirecTV is set to close after winning clearance from the Federal Communications Commission. The Justice Department had already cleared the deal, which will create the largest provider of cable or satellite TV in the U.S., with 26.4 million cable and satellite TV... more »
  • US wants to block merger

    July 1, 2015 9:09 PM

    NEW YORK- The feds sued to stop Electrolux from buying General Electric's appliance division, claiming the new company would dominate the sales of home appliances to builders, property managers and governments, not individual consumers. GE says it intends to fight back and wants the $3.3 billion deal to go... more »
  • East Baton Rouge School Board agrees to merge 5 academies

    April 17, 2015 10:20 AM

    BATON ROUGE - Five small alternative schools in Baton Rouge will be merged into just three when the 2015-16 school year starts in August. The East Baton Rouge Parish School Board's vote in favor of the merger Thursday was unanimous. The estimated annual savings is as much as $3.6 million.... more »
  • US stocks open mixed following news of Kraft acquisition

    March 25, 2015 10:05 AM

    NEW YORK - U.S. stock indexes are mixed in early trading following big merger news. Kraft Foods Group soared 33 percent after H.J. Heinz Co. announced it would buy the company, creating one of the largest food and beverage makers in the world. Kraft shareholders will receive stock in the... more »
  • Third man indicted for Shaw Group insider trading

    March 5, 2015 4:43 PM

    BATON ROUGE - A third man has been charged with insider trading ahead of the 2012 merger of The Shaw Group and Chicago Bridge and Iron Company. Billy Adcox, Jr., 44, of Ruston was indicted by a grand jury on Wednesday with conspiracy to commit securities fraud and securities... more »
  • Government, states challenge proposed airline merger

    August 13, 2013 11:19 AM

    WASHINGTON - Attorney General Eric Holder says a merger between US Airways and the parent company of American Airlines would bring "higher airfares, higher fees and fewer choices." The Justice Department is joining with attorneys general from a half-dozen states in challenging the proposed $11 billion merger between the two.... more »
  • Shaw founder sued for using name "Shaw"

    June 18, 2013 11:34 PM

    BATON ROUGE- The Shaw Group, now part of CB&I since a buyout recently, is suing founder Jim Bernhard and others, accusing them of using the company's name. Bernhard and the three partners are being sued in an effort to stop them from using the name "Shaw" in two business... more »
  • American, US Airways announce $11 billion merger

    February 14, 2013 7:14 AM

    DALLAS - American Airlines and US Airways say they're merging in a deal they value at $11 billion, creating the world's biggest airline. The combined carrier will be called American Airlines but run by US Airways CEO Doug Parker. The airlines announced their deal Thursday. It reduces... more »
  • American Airlines, US Airways to merge

    February 13, 2013 7:30 PM

    DALLAS - American Airlines and US Airways will merge and create the world's biggest airline. The boards of both companies approved the merger late Wednesday, according to three people close to the situation. The carrier keeps the American Airlines name but will be run by US Airways CEO Doug Parker.... more »
  • LSU Faculty President critiques Board of Supervisors Play Video

    January 14, 2013 5:53 PM

    BATON ROUGE- LSU Faculty Senate President Dr. Kevin Cope gave an unflattering critique of the Board of Supervisors at a Press Club meeting today. Dr. Cope, who's been vocally against the merger of the LSU System president and chancellor positions, said the board should be looking for qualified candidates... more »

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